US Trade in 2024 7-31-25

In 2024, the U.S. engaged in trade with more than 200 countries and territories. While a large number of countries participate in trade with the U.S., a relatively small number account for the majority of the trade volume. For example, the top 15 trading partners make up nearly 75% of the total trade.  

Here's a more detailed look:

Broad Reach: The U.S. has trade relationships spanning across the globe. 

Concentrated Trade: While the number of trading partners is high, the majority of U.S. trade activity is concentrated with a few key countries. 

Top Partners: In 2024, Mexico, Canada, and China were consistently cited as the top three trade partners of the U.S., based on import value. 

How many countries traded with the us in 2024

Based on available data from 2024, the United States traded with a significant number of countries and territories, estimated at over 200.

The U.S. Bureau of Economic Analysis (BEA) even reported the introduction of a new table that presents total services trade for 237 countries and areas. 

While a full list of all countries that traded with the U.S. in 2024 isn't explicitly provided, here are some highlights from various sources:

• The U.S. had a goods trade deficit with 92 countries and a surplus with 111 countries in 2024.
• Some of the top U.S. trading partners in 2024 based on total trade include Mexico ($840 billion), Canada ($762 billion), China ($582 billion), Germany ($236 billion), and Japan ($228 billion). 

It's important to note that the term "traded with" can encompass both exports and imports of goods and services. Different reports may focus on specific aspects of trade, such as goods only, or include both goods and services. 

https://www.google.com/search?q=how+many+countries+traded+with+the+us+in+2024

Comments

On August 1, 2025, all current tariffs in play will continue until they are reduced by new agreements with these countries.

China has agreed to continue trade with the US in processing Rare Earth Materials in exchange for the US keeping Chinese students in US Universities. Making further progress on Trade with China will become a priority. Making further progress on Trade Deals with Canada and Mexico will also be included as priorities. 

The US has included  “Non-Trade” conditions to the current Trade Deals. These include reductions in Fentanyl and increases in Deportation of Illegals back to their home countries. Issues with China include TikTok, Fentanyl, Panama Canal, threats to Taiwan and continued aggression.    

All current Tariffs imposed by the US will begin to be collected on August 1.

Comments

US Tariff Revenue is expected to reach $300 billion.

Norb Leahy, Dunwoody GA Tea Party Leader